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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh. The good news is that things are starting to change.

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USDA providing $9.6M to create 9,000 acres of BCAP project areas for non-food energy crop production

Green Car Congress

The announcement provides the opportunity to expand the use of non-food, energy crops for liquid biofuels and to help meet state mandated Renewal Portfolio Standards (RPS). REPREVE Renewables, based in Georgia, also is the sponsor of the project’s accompanying environmental assessment.

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Range Fuels Closes on $80M Loan Guaranteed by USDA for Cellulosic Biofuels Plant

Green Car Congress

The proceeds from the $80 million bond will be used to partially finance the first two phases of construction of Range Fuels’ first commercial cellulosic biofuels plant using renewable and sustainable supplies of non-food biomass near Soperton, Georgia.

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Range Fuels Produces Cellulosic Methanol from Biomass at Soperton Plant

Green Car Congress

has produced cellulosic methanol from the initial phase of its first commercial cellulosic biofuels plant near Soperton, Georgia using non-food biomass. In 2008, it raised more than $100 million through an oversubscribed Series B private financing round. Range Fuels, Inc. cellulosic ethanol—in 2010. Earlier post.).

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USDA awards $10M in grants to spur production of biofuels, bioenergy and biobased products

Green Car Congress

The long-term goal for the research projects, which were selected through a competitive process, is to implement sustainable regional systems that materially deliver liquid transportation biofuels to help meet the Energy Independence and Security Act goal of 36 billion gallons per year of biofuels by 2022. University of Georgia, $345,689.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

During past eight years the number of plug-in electric vehicle models has increased from one to more than 20, battery costs have decreased 70%, and the number of electric vehicle charging stations has increased from less than 500 in 2008 to more than 16,000 today—a 40-fold increase. Berkshire Hathaway Energy. Consumers Energy.

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